BG Group/BG.L - Approaching Golden Cross

[pandalitis]

Hi Guys,

BG Group (BG.L) is close to the 50 SMA crossing above the 200 SMA making a Golden Cross but the RSI is very close to overbuying.

If bought at the cross and the RSI is still trending upwards, will any stock price gain be short-lived?

I'm not a short-term trader, and buy a stock and hold for usually a month. Any experiences or comments would be much appreciated.

Cheers,
Panda

(Link to chart below)

BG.L - SharpCharts Workbench - StockCharts.com

 

[SabreTT]

I have 1500 as near top of a positive channel but I would be reluctant to buy here though Ive owned them in the past. Buying closer to the 200 average based on fundamental reasons is what I do. Have a look at MFI which is RSI based on volume